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Tony Elumelu joins Seplat Energy’s Board as Non-Executive Director after acquisition of 20.07% shareholding in Seplat’s M&A

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Tony Onyemaechi Elumelu
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FRI JAN 23 2026-theGBJournal| Tony O. Elumelu, African investor and philanthropist, has been named into the Board of Seplat Energy Plc as Non-Executive Director effective 22 January 2026.

The appointment follows the acquisition of 20.07% shareholding in Seplat by Heirs Holdings Limited and Heirs Energies Limited founded by Elumelu.

The appointment, announced on Thursday in a filing with the Nigerian Exchange Limited (NGX), follows the resignation of Seplat’s former non-executive director, Olivier Cleret De Langavant, effective 22nd January 2026, after a six-year run of providing strategic technical counsel and invaluable insights that have materially supported the company’s progress.

Seplat said they are confident that Mr. Elumelu’s extensive experience and visionary leadership will significantly advance Seplat Energy’s strategic objectives and reinforce the Company’s commitment to sustainable growth and long-term success.

Tony Elumelu also serves as Chairman of United Bank for Africa (UBA) Group, Heirs Energies, Transcorp Group, whose subsidiaries include Transcorp Power, and Transcorp Hotels Plc, Nigeria’s foremost hospitality brand.

In 2010, he established The Tony Elumelu Foundation (TEF), the leading philanthropy dedicated to empowering African entrepreneurs across all 54 African countries.

His global influence has been widely acknowledged, including recognition as one of TIME Magazine’s 100 Most Influential People in the World (2020) and the conferment of the Commander of the Order of the Federal Republic (2022).

He also serves on several global boards, including UNICEF’s Generation Unlimited Global Leadership Council and the International Monetary Fund’s Advisory Council on Entrepreneurship and Growth.

Mr. Udoma Udo Udoma, Chairman of Seplat Energy, while commenting on the Board changes expressed Seplat’s profound appreciation to Mr. Langavant for his outstanding contribution to Seplat Energy over the past six years.

”On behalf of the Board and Management, I wish to express our His expertise and commitment have been instrumental in driving our strategic initiatives. We warmly welcome Mr. Elumelu to the Board and look forward to leveraging his wealth of experience and leadership as we continue to pursue sustainable
growth and value creation for all stakeholders,” Udo Udoma adds.

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